We analyse Bitcoin with data from our MCO Terminal and using Elliott Wave, where the 8 October low at $80,393 is the invalidation point for the orange 1-2 setup and the red resistance zone up to $86,600 decides between our two scenarios. Video by More Crypto Online.
Visit Trading Platform >>
As of today, October 14, 2026, Bitcoin (BTC) is trading at approximately $83,234, rebounding slightly from a volatile multi-day slide that saw it drop briefly near the $81,000 mark. The cryptocurrency has experienced negative short-term technical pressure as buyers defend key moving average supports, while the broader market braces for a major macroeconomic catalyst scheduled for release later today.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
• The immediate catalyst steering today's price action is the upcoming U.S. Consumer Price Index (CPI) inflation report. Investors are taking a cautious approach as sticky inflation, rising oil prices, and high Treasury yields have recently bolstered the U.S. dollar, adding macro headwinds to risk assets like crypto.
• A dramatic wave of $771 million in crypto liquidations earlier in the week intensified the market pull-back, which triggered heavy institutional outflows from Spot Bitcoin ETFs. Despite this panic, broader sentiment metrics remain stable, with the Fear and Greed Index holding at a neutral-to-positive 57. Historically, October has been a strong seasonal month for Bitcoin, closing higher in eight of the last ten years.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
